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XBP Europe - XBPEW STOCK NEWS

Welcome to our dedicated page for XBP Europe news (Ticker: XBPEW), a resource for investors and traders seeking the latest updates and insights on XBP Europe stock.

XBP Europe Holdings Inc is a pan-European integrator of bills, payments, and related solutions and services seeking to enable digital transformation. The company provides business process management solutions with proprietary software suites and deep domain expertise, serving as a technology and operations partner for clients' strategic journeys and streamlining their payment processes. They have two main segments: Bills and Payments, focusing on optimizing how bills and payments are processed, and Technology, focusing on software licenses, maintenance, hardware solutions, and professional services. XBP Europe generates the majority of its revenue from the Bills and Payments segment.

Latest News: Event to be livestreamed beginning at 9:15 ET. XBP Europe recently announced the completion of a business combination with CF Acquisition Corp VIII, focusing on digital transformation technology and services in the European market.

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XBP Europe's French subsidiary has been selected as one of four suppliers for AGIRC-ARRCO's digital transformation framework, estimated to exceed €25 million in total value. AGIRC-ARRCO, which manages France's private-sector supplementary pension scheme, serves 27 million employees and 1.8 million companies, distributing €90 billion annually.

XBP Europe will compete for multiple projects within the framework, planning to implement its IDP/TTY, workflow solutions, and Digital Mailroom platforms to support pension applications and administrative services related to pension contributions. The company aims to enhance efficiency and accuracy in data digitization and workflow automation for AGIRC-ARRCO's operations.

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XBP Europe (NASDAQ: XBP) has officially registered with the European Payments Council as a Verification of Payee (VOP) services vendor. The company's cloud-based VOP solution aims to help organizations across the Eurozone comply with new instant payment regulations by the October 5, 2025 deadline.

The solution addresses the industry's annual losses of approximately $120 billion from erroneous payments, fraud, and misdirected transactions. XBP Europe's offering features deterministic AI technologies for accurate payee account verification and includes comprehensive scheme onboarding support, testing, attestations, and integration requirements.

The company currently supports over 400 banks for account name verification and will become a Routing and Verification Mechanism (RVM) service provider under the EPC scheme. Building on its successful deployment of the UK's Confirmation of Payee (CoP) service in 2021, XBP Europe aims to enable Eurozone banks to deploy VOP rapidly.

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XBP Europe (NASDAQ: XBP) has announced its participation in the upcoming Emerging Growth Conference on January 15, 2025. The company, a pan-European integrator of bills, payments, and related solutions, will deliver a live, interactive presentation at 10:15 AM Eastern time for 30 minutes.

CEO Andrej Jonovic will lead the presentation, offering prepared remarks followed by a Q&A session. Investors, analysts, and advisors can submit questions in advance to Questions@EmergingGrowth.com or during the live event.

For those unable to attend live, an archived webcast will be available on EmergingGrowth.com and the Emerging Growth YouTube Channel. The presentation link will also be accessible on XBP Europe's investor relations website.

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XBP Europe has achieved NF461 certification for electronic document management in France, a standard that aligns with ISO 14641-1 international requirements. The certification validates the company's Enterprise Information Management (EIM) suite, particularly its EFA-SAE electronic archiving system, which supports organizations in storing various data types and dematerialized documents.

The solution enables organizations to implement retention strategies ensuring data availability, integrity, confidentiality, and traceability. Through integration APIs, businesses can connect EFA-SAE with their platforms to optimize information flows and access data efficiently.

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XBP Europe Holdings reported Q3 2024 financial results with revenue of $35.4 million, showing a 5.6% year-over-year decrease but a 5.5% sequential increase. The company achieved significant improvements in profitability metrics, with gross margin increasing to 32.6% and operating profit reaching $2.5 million. The Bills & Payments segment generated $24.6 million in revenue, while the Technology segment contributed $10.8 million. Despite operational improvements, the company recorded a net loss of $2.8 million, including $0.7 million in FX losses. Adjusted EBITDA from continuing operations rose to $4.8 million, marking a substantial year-over-year improvement.

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Reaktr, a business unit of Exela Technologies and XBP Europe, has launched SecAi on Oracle Cloud Infrastructure (OCI) and Oracle Cloud Marketplace. SecAi is an AI-powered cybersecurity validation framework supporting over 120 large language models (LLMs). The service integrates with 80+ external data sources and features 100,000+ scenarios and MLOps integrations for proactive threat detection. The solution helps enterprises validate components including training data, LLMs, enterprise integrations, and responsible interactions, ensuring alignment with OWASP, CVEs, MITRE Framework, and local regulations.

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XBP Europe's UK subsidiary has secured a position on the UK government's G-Cloud 14 framework, replacing G-Cloud 13. This framework, managed by the Crown Commercial Service, facilitates public sector procurement of cloud services with an estimated cumulative value exceeding £5 billion. Through its Reaktr.ai business unit, XBP Europe will provide AI-driven cloud services in two categories: Cloud Hosting (Lot 1) with the cloudX platform, and Cloud Support (Lot 3) offering Multi-Cloud Support Services and Outsourced Contact Centre solutions. The company aims to accelerate digital transformation for public sector organizations while meeting strict security and compliance standards.

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XBP Europe (NASDAQ: XBP, XBPEW) has been approved as a Confirmation of Payee (CoP) Aggregator by Pay.UK, solidifying its position as a leading provider of CoP services. This approval allows XBP Europe to simplify CoP implementation for payment service providers, enabling faster and broader participation in the CoP ecosystem.

The company's AI-powered solution can implement CoP services in days, important for financial institutions facing the 31 October 2024 compliance deadline in the UK. XBP Europe's offering verifies payee accounts and handles complex name matches with high accuracy, minimizing false positives and negatives. As the only CoP provider actively engaged in the Request to Pay system, XBP Europe leverages its experience serving over 400 European financial institutions to deliver a best-in-class CoP service.

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XBP Europe Holdings, Inc. (NASDAQ: XBP) reported its Q2 2024 financial results, showing a 14.8% year-over-year revenue decline to $36.1 million. The company experienced a net loss of $4.7 million, including $0.7 million in FX losses. Gross margin decreased to 18.4%, down 920 bps year-over-year. Despite these challenges, XBP Europe highlighted an active revenue ramp of approximately $25 million in Annual Contract Value. The company also completed a strategic financing transaction with HSBC, providing up to $33 million in incremental liquidity. CEO Andrej Jonovic expressed optimism about the rest of 2024, citing a strong sales funnel and the upcoming launch of large public sector contracts, including HMPO.

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XBP Europe Holdings has completed a $48 million financing agreement to boost growth and refinance existing debt.

The agreement, signed with HSBC UK Bank plc, includes a $4 million Term Loan A, an $11 million Term Loan B, and a $15 million revolving credit facility, with an $18 million accordion feature.

This financing provides up to $33 million in incremental liquidity, aiding the company's digital transformation goals and inorganic growth strategies.

The term loans have a four-year maturity, while the revolving credit facility has a three-year maturity, extendable by one year at HSBC's discretion.

Repayment of existing debt incurred no penalties, and the new revolving credit facility will be utilized for general corporate purposes.

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FAQ

What is the current stock price of XBP Europe (XBPEW)?

The current stock price of XBP Europe (XBPEW) is $0.0247 as of February 27, 2025.

What is XBP Europe Holdings Inc known for?

XBP Europe Holdings Inc is known for being a pan-European integrator of bills, payments, and related solutions and services, focusing on enabling digital transformation.

What are the main segments of XBP Europe Holdings Inc's business?

XBP Europe Holdings Inc has two main segments: Bills and Payments, focusing on optimizing how bills and payments are processed, and Technology, focusing on software licenses, maintenance, hardware solutions, and professional services.

Where does XBP Europe Holdings Inc generate the majority of its revenue from?

XBP Europe Holdings Inc generates the majority of its revenue from the Bills and Payments segment.

What recent event did XBP Europe Holdings Inc announce?

XBP Europe Holdings Inc announced the completion of a business combination with CF Acquisition Corp VIII, focusing on digital transformation technology and services in the European market.

How does XBP Europe Holdings Inc aim to streamline payment processes?

XBP Europe Holdings Inc aims to streamline payment processes through business process management solutions, proprietary software suites, and deep domain expertise.

What is XBP Europe Holdings Inc's strategy?

XBP Europe Holdings Inc's strategy is to provide technology and operations partnership to clients for strategic journeys and streamline their complex payment processes.

What is the latest news about XBP Europe Holdings Inc?

The latest news involves an event to be livestreamed beginning at 9:15 ET and the completion of a business combination with CF Acquisition Corp VIII.
XBP Europe

Nasdaq:XBPEW

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30.17M
Software - Infrastructure
Services-business Services, Nec
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United Kingdom
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